Merger Prospectus Criticized for Misleading Discount Rate and Management Projections
Delaware Chancery enjoins merger based on flawed proxy statement, including overstated discount rate in valuation and selectively chosen cash flow projections.
Maric Capital Master Fund, Ltd. v. Plato Learning, Inc.
Delaware Chancery enjoins merger based on flawed proxy statement, including overstated discount rate in valuation and selectively chosen cash flow projections.
Court uses net asset value to value service business
The issues in this case marital dissolution case were (1) whether the trial court erred in determining the value of Language Learning Enterprises, Inc. (LLE), and (2) whether the trial court erred in its award of the wife's interest in LLE.
Diamond v. Diamond
Issues were whether the trial court erred in determining the value of Language Learning Enterprises, Inc. and in its award of the wife's interest in the company.